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Next Generation Antibody Therapeutics: A Booming Market with Promising Growth Potential
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Next-generation antibody therapeutics refers to improved antibody therapeutics with enhanced efficiency, greater safety, and improved delivery. Advancements in monoclonal antibody technologies have led to the development of next-generation therapeutic antibodies with reduced functional size, greater bifunctional properties, and low immunogenicity. Next-generation antibody-based therapeutics enhances existing properties of therapeutic antibodies for the treatment of various medical conditions such as cancer, infectious diseases, and autoimmune diseases.
Some of the major players in the market:
• F. Hoffmann-La Roche Ltd.
• Kyowa Hakko Kirin Co., Ltd.
• Seattle Genetics, Inc.
• ImmunoGen, Inc.
• Amgen, Inc.
• Biogen.
• Bayer AG.
• Xencor, Inc.
• Other.
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Globally, the next-generation antibody therapeutics market is witnessing significant growth due to technological advancements in antibody therapeutics and increasing the prevalence of chronic diseases. In addition, rising healthcare expenditure and growing R & D activities are driving the growth of the next-generation antibody therapeutics market. However, stringent regulatory requirements and long approval time for new drug restrains the growth of the market. Similarly, high costs of next-generation antibody therapeutics is a major concern for the market.
North America is the largest market for next-generation antibody therapeutics. This is mainly due to increasing prevalence of chronic diseases and increasing healthcare spending in the region. The North America next-generation antibody therapeutics market is projected to be valued at US$ 1.1 Billion by the end of 2015 and is expected to account for US$ 3.69 Billion by 2022 at a CAGR of 14.5%. On the basis of technology, biosimilar antibody products are the fastest growing segment. On the basis of therapeutic application, oncology is the largest segment in next-generation antibody therapeutics market.
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The next-generation antibody therapeutics market is segmented as follows:
By Technology
• Antibody-Drug Conjugates (ADCs)
• Bispecific Antibodies (BsAbs)
• Fc Engineered Antibodies
• Antibody Fragments and Antibody-like Proteins
• Biosimilar Antibody Products
By Therapeutic Application
• Oncology
• Autoimmune/Inflammatory Diseases
By Geography
• North America
• Europe
• Asia
• Rest of the World (RoW)
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